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Twin Cities Habitat for Humanity

Building Community Blog

Are you interested in buying your first home, but can’t afford a down payment? While traditional mortgages generally require a down payment, there are other options to help you get that dream home. You may qualify for the Twin Cities Habitat Homeownership Program! The program provides education to help buyers prepare for homeownership as well as affordable loan options through TCHFH Lending, Inc. 

For a long time, Twin Cities Habitat for Humanity has been known for building homes in an effort to provide stable housing for local families.

However, Twin Cities Habitat Homeownership Program participants aren’t limited to buying just Habitat-built homes. In fact, we offer two routes to stable, affordable homeownership — Habitat-built or rehabbed homes or using a Habitat mortgage* to find a home on the open real estate market. And by offering an affordable mortgage product* for open market purchases, we can partner with real estate agents to serve a larger population of first-time homebuyers.

Almost everyone has heard of Habitat for Humanity. And that’s awesome! But sometimes we discover misconceptions about what we do, how we work, and who buys homes with Habitat. So, we’ve put together this list to help set the facts straight.

Of course, if you have any questions, we’d love to talk with you. Just give us a call.

Buying a home comes with many different expenses that need to be considered. What is your overall price range? What kind of monthly payment are you comfortable with? Are there closing costs to consider? How much money should you have in savings in case updates or repairs are needed? And when it comes time to think about buying your first home, some of the biggest questions are about the down payment.

One of the perks of owning your own home is making it your own. Home rehab and choosing which projects you want to do is half the fun, yet it still pays to make smart decisions. Many home renovations can add value to your home and increase its resale value. Others may not change the value all that much, yet they're still worthwhile because they give your home that personal feel. 

But beware, some home rehab projects can actually decrease both your home’s curb appeal resale value. Let's take a look at ten home improvement projects you should absolutely avoid, no matter how tempting they may sound. 

Many first-time buyers haven’t even heard of private mortgage insurance (or PMI for short). What is private mortgage insurance? What is it used for? Do you have to have it? These are common questions from first-time homebuyers. So, if you don't know what PMI is, don't worry. We know all about private mortgage insurance and we're here to help.

Here's everything you need to know about private mortgage insurance.

So, you just became a real estate agent. Congratulations!

Now what?

The real estate industry is fun, challenging, and fulfilling. It requires hard work, patience, and a drive to succeed. And done right, it can be a rewarding career both personally and financially. Getting started sounds simple: just attract and keep new house listings. But first, you need to have a solid foundation.

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